Franco-Nevada Corp is a mining-focused royalty and streaming company based in Toronto, Canada. The company was founded in 1983 by Pierre Lassonde and Seymour Schulich, and it has become one of the largest royalty and streaming companies in the world. Franco-Nevada provides upfront capital to mining companies in exchange for a percentage of their future production revenues or the right to buy precious metals at a discounted price. This business model allows Franco-Nevada to generate revenue from mining operations without incurring the costs and risks associated with mining itself.
The company's portfolio of royalties and streams includes assets in gold, silver, platinum group metals, and other minerals. Franco-Nevada has interests in over 200 mineral assets located in more than 15 countries around the world. The company's portfolio is diversified both geographically and by commodity, with approximately 75% of revenue coming from gold and gold equivalents. Franco-Nevada's largest producing assets are located in the United States, Canada, and Australia.
Franco-Nevada went public in 2007, listing on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol FNV. The company has a market capitalization of over $30 billion as of May 2023. In addition to its core royalty and streaming business, Franco-Nevada has made strategic investments in other mining-related companies and technologies.
In recent years, Franco-Nevada has been recognized as a leader in the mining industry for its commitment to responsible mining practices and sustainable development. The company is a signatory to the United Nations Global Compact and has been included on several sustainability indices, including the Dow Jones Sustainability Index and the FTSE4Good Index.